Match each of the following terms (a)through (j)with the appropriate definitions 1 through 10.
(a) Absorption costing
(b) Variable costing
(c) Contribution margin
(d) Contribution format
(e) Manufacturing margin
(f) Contribution margin ratio
(g) Break-even point
(h) Product costs
(i) Period costs
(j) Gross margin
_____ (1) Sales less cost of goods sold.
_____ (2) A specific number of units sold that produces total income equal to zero.
_____ (3) Sales less variable production costs.
_____ (4) A costing method that includes all manufacturing costs.
_____ (5) Costs that are expensed in the period they are incurred.
_____ (6) Sales less variable expenses.
_____ (7) A costing method that includes only variable manufacturing costs.
_____ (8) Direct labor,direct materials,and manufacturing overhead.
_____ (9) An income statement format that focuses on cost behavior.
_____(10)Contribution margin divided by sales.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q106: Given the following data,calculate the total
Q110: Decko Industries reported the following monthly
Q113: Aces,Inc.,a manufacturer of tennis rackets,began operations
Q114: Assume that the following information was
Q115: Reference: 19_05
Red and White Company reported
Q116: Assume that the following information was
Q122: What is Red and White's net income
Q124: Front Company had net income of $72,500
Q125: Pact Company had net income of $972,000
Q156: What costs are treated as product costs
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents